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VisionFund contributes to the development of policy and practice in microfinance
and development. Some highlights of our recent initiatives are available here. If
you would like further information on any of the topics covered, or if you would
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VF ZAMBIA PARTNERS WITH FSD ZAMBIA FOR FI2020 WEEK

VisionFund Zambia (VFZ), part of VisionFund International’s network of
more than thirty microfinance institutions, is partnering with Financial Sector
Deepening Zambia (FSDZ), a DFID-funded organization tasked with increasing
financial inclusion, to host an event as part of the FI2020 Week on 4 November,
2015. The event will focus on the promotion of financial inclusion by
leveraging savings groups and microfinance institutions.

FI2020 Week is organised by the Center for Financial Inclusion and
takes place worldwide from 2 to 6 November 2015. The initiative provides the
opportunity for a week of global conversation to explore the vital steps
required in order to advance full financial inclusion.

Mr. Moyo, whose presentation will focus on the importance of financial
inclusion for the rural poor, enthuses, “We’re delighted to engage and share in
ways we can work together to increase access to financial services – in
particular for those living in rural areas. With around 60% of VisionFund
Zambia’s 25,000 clients living in remote areas, we understand the challenges
these people face in trying to access services such as credit and insurance in
order to build their businesses and improve their families’ livelihoods.”

Working in many of the same communities as parent organization World
Vision, VisionFund’s microfinance offering provides the next level of financial
access to those graduating from World Vision’s savings groups.

Mr. Scott Brown, VisionFund International’s President and Chief
Executive Officer, explains, “There
is a critical link between savings groups and the provision of microfinance
services. World Vision has hundreds of thousands of savers in savings groups
around the world. The savers receive training and learn how to manage money.
Those participants that are ready and able can then progress to take advantage
of VisionFund’s microfinance services where they may take out an individual
loan to start or grow a business to better support their family.

“We endorse FI2020 and are pleased to play
a part in focusing attention on this important global issue. Core to VisionFund’s
strategic aim of bringing brighter futures to nine million children each year
by 2019, is our focus on providing resources that empower families to create
incomes and jobs in rural communities that would otherwise remain excluded,” continued Mr. Brown.

Financial Sector Deepening Zambia (FSDZ) believes that Savings Groups
(SGs) are an efficient and effective means to substantively increase the number
of households accessing financial services. Community-based financial services
are a critical focus for FSDZ to expand financial inclusion amongst rural
populations. Savings Groups meet the financial needs of those too poor for
banks or living in areas too remote to easily access formal financial services.
FSDZ aims to significantly increase the scale, quality and efficiency of SG
mobilisation and training in Zambia by building stakeholder capacity and the
uptake of good practices. FSDZ also supports enhanced efficiency and quality of
Savings Groups through technology such as e-recording and critical message
videos. FSDZ is also considering building a core of local Master Trainers who
will train community-based agents to form SGs on a fee-for-service basis.